The Global Green Technology and Sustainability market was valued at USD xx million in 2019 and is expected to reach at USD xx million by 2026 at a CAGR of xx% over forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Green Technology Market Drivers and Restrains
Green technology is an encompassing term. It deals with using science and technology in order to protect the environment. A lot of techniques fall under this term such as the use of green chemistry, environmental monitoring, and more. Green technologies are playing significant role in changing the course of nation’s economic growth towards sustainability and providing an alternative socio-economic model that will enable present and future generations to live in a clean and healthy environment, in harmony with nature. The concepts of Green Technologies, if endorsed and pervaded into the lives of all societies, will facilitate the aim of the Sustainable Millennium Development Goals of keeping the environment intact and improve it for the civilization to survive.
The green technology and sustainability market is driven by various factors, such as rapidly approaching grid parity, cost-effective and reliable grid integration, and technological innovation are the 3 enablers which helped remove the obstacle for the deployments of renewables.
However, high product and solution costs associated with green technology and sustainability solutions hinder the growth of the market.
Global Green Technology and Sustainability Market Segmentation Analysis
By Technology Global Green Technology and Sustainability Market is segmented into IoT, AI & Analytics, Digital Twin, Cloud Computing, Security, & Blockchain. Blockchain Technology segment is leading the market and accounted for near about xx% of the global market share over forecast period. Major application of Blockchain in agriculture include product traceability, tracking and visibility, and risk and compliance management. Energy intensive crypto currency mining has caused a spike in carbon emission and hence, blockchain is capable of driving innovation in the field of green technology. By Application global green technology market is segmented into Green Building, Carbon Footprint Management, & Weather Monitoring & Forecasting. In an applications segment, carbon footprint management is expected to register xx% of global market share during the forecast period.
Global Green Technology and Sustainability Market Regional Analysis
By Geography Global Green Technology Market is segmented into North America, APAC, Europe, MEA& Africa and Latin America. North America is expected to exhibit highest market share at a CAGR of xx% over forecast period. Well developed economies, such as U.S.A. & Canada are implementing green technology and sustainability thanks to the strong compliance and regulatory landscape and increasing investments from the government as well private companies to address climate change by deploying technology solutions for different applications in agriculture, weather, transportation, and energy sectors.
The companies operating in North A0merica would benefit from the flexible economic conditions, industrialization, globalization supporting policies of the governments, as well as from the growing digitalization, which is expected to have a huge impact on the business community.
Global Green Technology and Sustainability Market competitive landscape
Major players operating in the global green technology and sustainability market are General Electric (US), IBM (US), Enablon (France), Enviance (US), Sensus (US), Taranis (Israel), Trace Genomics (US), LO3 Energy (US), ConsenSys (US), CropX (Israel), Hortau (US), SMAP Energy (UK), Treevia (Brazil), Pycno (UK), IoT Solutions and Consulting (Europe), Oizom (India), MineSense Technologies (Canada), and WINT (US), Siemens, Nissan, Aleo Solar, Panasonic, Clean Power Investor, Suzlon, Gamesa, Sharp solar, and First Solar.
These players are adopting various organic and inorganic growth strategies to strengthen their position in the market. Expansions, M&A, strategic alliances, partnerships and new product development are the key growth strategies adopted by these leading players to enhance their business operations, revenues and regional presence.
The objective of the report is to present a complete calculation of the Global Green Technology and Sustainability Market and contains thoughtful insights, historical data, facts, industry-validated market data and plans with a suitable set of assumptions and methodology. The report also helps in the Global Green Technology and Sustainability Market is a dynamic structure by identifying and analysing the market segments and project the global market size. The additional, report also focuses on the competitive analysis of key player’s by-product, financial position, price, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment shortly to the emerging segment in the Global Green Technology and Sustainability Market.
Scope of Report:
Global Green Technology and Sustainability Market by Technology
• IoT
• AI & Analytics
• Digital Twin
• Cloud Computing Security
• Blockchain
Global Green Technology and Sustainability Market by Application
• Green Building
• Carbon Footprint Management
• Weather Monitoring & Forecasting
Global Green Technology and Sustainability Market by Region
• North America
• APAC
• Europe
• MEA& Africa
• Latin America
Global Green Technology and Sustainability MarketMajor Players
• General Electric (US)
• IBM (US)
• Enablon (France)
• Enviance (US)
• Sensus (US)
• Taranis (Israel)
• Trace Genomics (US)
• LO3 Energy (US)
• ConsenSys (US)
• CropX (Israel)
• Hortau (US)
• SMAP Energy (UK)
• Treevia (Brazil)
• Pycno (UK)
• IoT Solutions and Consulting (Europe)
• Oizom (India)
• MineSense Technologies (Canada)
• WINT (US)
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The report "Green Technology and Sustainability Market by Technology (IoT, AI & Analytics, Digital Twin, Cloud Computing), Application (Green Building, Carbon Footprint Management, Weather Monitoring & Forecasting), Component, and Region - Global Forecast to 2025 " The global Green Technology and Sustainability market size to grow from USD 11.2 billion in 2020 to USD 36.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 26.6% during the forecast period.
Modernization of IT and telecom infrastructure for low carbon emission will provide huge opportunities in the market.
Protecting and improving the quality of the environment requires innovative design solutions that meet the increasing demand for sustainable and green technologies while complying with more-stringent government regulations aimed at reducing the overall carbon footprints.
Various startups are already using blockchain as a tool to make energy grids more accessible and sustainable by promoting data sharing in real time.
Energy-intensive cryptocurrency mining has caused a spike in carbon emission, and hence blockchain is capable of driving innovation in the field of green technology.
The green building segment is projected to account for the largest market size due to the increasing focus on green technology and sustainability while designing and constructing buildings.
